AAPL, IBM, VMW, COF, STLD:said Monday that its fiscal fourth quarter profit rose 70%, helped by strong sales of its wildly popular iPhone. Nevertheless, the company’s shares fell more than 5% in extended trading IPad sales missed analysts’ expectations. Net income rose to $ 4.31 billion, or $ 4.64 per share, versus $ 2.53 billion, or $ 2.77 per share, for the previous year quarter. Revenues jumped 67% to $ 20.34 billion from $ 12.21 billion in the same quarter last year. Analysts on average expected the company to report earnings of $ 4.06 per share on revenue of $ 18,860 million, gross profit for the fourth quarter decreased to 36.9% from 41.8% in the previous quarter, while operating profit for the quarter decreased to 26.8% from 30.1% a year earlier. IPhone sales rose 91% to 14.1 million units. The company sold 4.19 million iPads in the fourth quarter. Analysts had expected, Apple sold nearly 4.8 million iPads during the quarter. In anticipation of fiscal first quarter, the company said it expects earnings of $ 4.80 per share on revenue of $ 23 billion. Analysts currently expect the company to report earnings of $ 5.03 per share on revenue of $ 22,350 million
International Business Machines Corp (NYSE: IBM) announced on Monday that its third-quarter net income improved to $ 3.6 billion, or $ 2.82 per share, versus $ 3.2 billion, or $ 2.40 for share, in the same period last year. Excluding non-operating pension charges and acquisition-related charges, operating net income would be $ 3.63 billion, or $ 2.85 per share for the quarter.Revenue grew 3% to $ 24.3 billion. Analysts on average expected the company to report earnings of $ 2.75 per share on revenue of $ 24,120 million Looking ahead, the company now expects fiscal 2010 revenue of at least $ 11.40 per share. The company had previously expected revenue of at least $ 11.25 per share. Analysts currently expect earnings of $ 11.29 per share for the full year. IBM shares fell more than 3% in after-hours trading.
VMware (NYSE: VMW) reported that its third-quarter net profit jumped to $ 84.6 million, or 20 cents per share, versus $ 38.2 million, or 9 cents a share, a year earlier. Revenue rose to $ 714.2 million from $ 489.8 million. Analysts on average expected the company to report earnings of 35 cents per share on revenue of $ 697,750,000. The company’s shares fell more than 5% in late trading.
Capital One Financial Corporation (NYSE: COF) said Monday that third-quarter net income rose to $ 803 million, or $ 1.76 per share, versus $ 394 million, or 87 cents a share, in the same quarter last year. Revenue increased $ 4.016 billion from U.S. $ 3,558 million, analysts on average expected the company to report earnings of $ 1.13 per share on revenue of $ 3.80 billion. Shares of lender credit card rallied more than 4% after-hours trading.
Steel Dynamics Inc (NASDAQ: STLD) announced that its third-quarter net profit fell to $ 18.74 million, or 9 cents per share, versus $ 69.02 million, or 30 cents per share, for the same period last year. Revenue rose to $ 1.58 billion from $ 1.17 billion. Analysts on average expected the company to report earnings of 9 cents per share on revenue of $ 1.50 billion.
Facebook – Microsoft: To Work Together to Find a Suitable “Bing”
Facebook – Microsoft: To Work Together to Find a Suitable “Bing”:If Facebook and Microsoft can have their way, they would soon be putting Google on the back foot as a social networking site and computer giants join hand to put Microsoft, AO Bing search of it. This search experience will be different from the one familiar with searching Google.
New Search Bing: This new search system will allow the user to have personalized search results, as the search result will be a list of friends who, Äúliked, Au result using Facebook and other sites that use similar, Äúlike, Au tag. Search by name not only deliver results, but also under the category, it will include a profile of the results of your search.
The reason for renewed Bing Search: Most would think that Microsoft is the initiator of the enterprise with Facebook, but in fact the opposite. Mark Zuckerberg, CEO of Facebook did tie up stalls tireless efforts to Google, to get the best positions on social networks.
Until now, Google was unable to do much of the influence and took the market created by Orkut, so the search giant is now more than they want to their base back. Google, JSC senior user experience designer Paul Adams has already made a presentation flaws that there is order, Google will now work out to develop something that can hit the world within a few months and maybe even a few weeks.
This is of concern bell Zuckerberg, so he tries to get as much strength and partnership to prevent this possible onslaught made by Google. New Search Bing will operate from Wednesday.
Google Brain Drives Cars in Quest For Next Auto Revolution.
Google Brain Drives Cars in Quest For Next Auto Revolution:NEW YORK: electronic brain designed by the U.S. Internet titan Google has driven cars for almost a quarter million miles in California, in search of the next great revolution in the automotive industry.
News experiment out of Google over the weekend, showing that the New York Times describes as an attempt to use artificial intelligence to revolutionize the automobile.
But the software associated with GPS satellite navigation technology, was almost confusing humble cyclist who jumped a red light.
Humanoid, as Google engineer, pressed the button to turn off the system, and the accident was averted.
This was one of two performances of the human driver in the 140,000 miles (225,300 km) tests.
“One of the biggest problems we have?” We work on a car today is the safety and efficiency. Our goal is to help prevent accidents, to liberate the people? S time and reduce carbon emissions by fundamentally changing the use of cars, “Sebastian Thrun, a Google engineer, said in a blog company.
“Thus, we developed a technology for cars that can behave. Our automated vehicles, staffed by trained operators only left our campus in Mountain View, our office is Santa Monica and Hollywood Boulevard. They? Reduced E. Lombard Street, crossed the Golden Gate Bridge, the transition Pacific Coast Highway, and even made it all the way around Lake Tahoe, “he added.
“Overall, our self-driving cars have entered more than 140.000 miles (225,302 km). We believe that this is the first study of robotics.
The engineer explained that the pilot plant “Automated machines use video cameras, radar sensors and laser range finder to” see “the other movements, as well as detailed maps (that we collect using hand motor vehicles) to cross the road.”
But funds are not drones, for security reasons, the safety of drivers behind the wheel if they are needed, Thrun’s placing said.
According to the New York Times, the Google research using artificial intelligence to reconstruct the road, making a step for his work on Internet search engines.
In half an hour away from Google? S campus south of San Francisco last week, Toyota Prius is equipped with various sensors and the next route programmed into the system of GPS-navigation, accelerated in the entrance lane and merged into a fast-moving traffic on Highway 101, the highway that passes through the Silicon Valley, says in the report.
He left the freeway a few exits later.
The car was traveling at a speed limit, which he knew, because the limit for each road included in its database, the newspaper said.
Device on the roof of the car produced a detailed map of the environment.
Car, then drove in city traffic, stop for lights and stop signs, as well as through advertisements like “approaching crosswalk,” or “turn ahead” in a pleasant female voice, told Times.
The car can be programmed for different driving personalities – from a cautious mode, in which he is likely to yield to another car, to the aggressive, in which it is likely to go first, the report said.
Christopher Urmson, Carnegie Mellon University robotics scientist who was driving, but it is not used.
To regain control over the car he needs to do one of three things: press the red button next to his right hand, touch the brake or turn the steering wheel, the newspaper said. He did it twice, once when a cyclist ran a red light and again when the car in front stopped and started back to the parking lot.
The car was the brainchild of Thrun, director of the Stanford Artificial Intelligence Laboratory and the Google engineer who led the team in designing a robot car Stanley, won the prize two million dollars the Pentagon.
But the autonomous vehicle is a thorny legal issues, said the Times. Under current law, a person must have control of the vehicle at all times.
“Technology of the law in many areas,” Bernard Loo, a senior counsel of staff for California Department of Motor Vehicles, in an interview.
“If you look at the vehicle code, there are numerous laws relating to the driver of the vehicle, and they suggest to have a human being operating the vehicle.”
But Thrun said automated car can save lives by reducing the number of accidents caused by human error.
“According to the World Health Organization, more than 1,2 million people die each year in road accidents,” he wrote. “We believe that our technology has the potential to reduce their number, perhaps up to half.”
Google Car
Google Car:You really do not think you need to drive the next wave of cars, is not it?Seemingly all-conquering Google announced that it is road-testing vehicles, driving, stop and start without a driver. Cars use cameras on the roof, and radar sensors and laser range finder to “see” the other vessels. The goal? “To help prevent accidents, free up people’s time and reduce carbon emissions” to go through the exchange and the “new” road train tomorrow “,” project leader Sebastian Thrun wrote Saturday on the blog Google.
Engineers said the New York Times, that he decided from the highway was largely uneventful, save from a relief when the car was reportedly hit from behind at traffic lights. Cars are still covered 140,000 miles, taking in such San Francisco Golden Gate Bridge (as well as sloping streets of the city) and Lake Tahoe.
Thrun said that 1.2 million people are killed on roads every year, and how it can and should be reduced. “We believe that our technology has the potential to reduce their number, perhaps up to half.”
No specific date has been set for when this may become a reality. But if you feel overwhelmed at the prospect of never need to take to the wheel again, there is one ray of hope: the cars are manned at all times, trained drivers are ready to assume when danger looms.
